$799,000 Multifamily for Sale — 4615 N Hesperides St, Tampa, FL 33614, USA

4615 N Hesperides St, Tampa, FL 33614, USA

Summary

This is a multifamily property for sale at 4615 N Hesperides St, Tampa, FL 33614, USA, listed at $799,000. The property has 7 units, 3,700 square feet, built in 1944. Financials show net operating income of $57,057, a 7.1% cap rate, gross income of $88,800 based on seller figures.

Key facts

Asking price: $799,000
Property type: Multifamily
Cap rate: 7.1%
NOI: $57,057
Gross income: $88,800
Occupancy: 100%
Price / unit: $114,143
Expense ratio: 34.4%
Units: 7
Building SF: 3,700
Lot (acres): 0.18
Year built: 1944
Zoning: IG

Description

A rare opportunity to acquire a stabilized, income-producing multifamily asset in the heart of Tampa's highly sought-after Drew Park district, offered at a competitive 7.52% cap rate with immediate cash flow from day one. At just $121,429 per door, this seven-unit property presents an attractive entry point into one of Tampa's strongest rental markets, where continued population growth, expanding employment opportunities, and limited housing inventory continue to fuel long-term demand. Ideally positioned on North Hesperides Street, tenants enjoy exceptional convenience in one of Tampa's most centrally located neighborhoods. The property is just minutes from Raymond James Stadium, George M. Steinbrenner Field (spring training home of the New York Yankees), Tampa International Airport, International Plaza, downtown Tampa, and major employment corridors. With immediate access to Interstate 275, the Veterans Expressway, and nearby business centers, the location consistently attracts a strong tenant base and supports low vacancy rates. For investors seeking a high-performing multifamily asset in the Tampa MSA, this offering delivers the ideal combination of strong in-place income, an attractive going-in yield, outstanding central location, and significant upside potential. Opportunities to acquire stabilized assets in the heart of Drew Park at this price point are increasingly rare, making this an exceptional investment for both cash flow and long-term appreciation.